Chelsea FC Takeover: New Race Update With Ownership Battle Set To End Quickly

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Helsea’s bidders have been told the sale of the club will progress rapidly once they submit their final offers on April 11.

US investment bank Raine Group wants to present its preferred choice to the government as early as April 18, ahead of completion before the end of the season.

The next two weeks are key to that decision, with the quartet of short-listed candidates set to meet with key Chelsea figures to investigate the state of the club, as well as to present their own visions, including plans to renovate Stamford Bridge.

Sir Martin Broughton, the Ricketts family, Todd Boehly and Stephen Pagliuca have all been given detailed instructions on the next step in the process.

Raine will give them access to full Chelsea accounts and also the ability to submit augmented offers before deciding which offer to pursue.

The four candidates are expected to travel to London for one-on-one talks with chairman Bruce Buck, director Marina Granovskaia, chief executive Guy Lawrence and potentially first-team manager Thomas Tuchel.

Raine initially indicated a deal could be done by the end of April, but they want to bring that date forward, with the club, government and Premier League all keen to push through a sale following the sanctions imposed on Roman. . Abramovich for his ties to Russian President Vladimir Putin.

Broughton pledged to continue investing in the first team to keep Chelsea competing at the top level of European football and also promised to put fans at the heart of decision-making.

The Ricketts family have the backing of US hedge fund manager Ken Griffin – worth around £20billion – and have pledged to rebuild the stadium.

Stamford Bridge renovation plans will be crucial for bidders hoping to buy Chelsea from Roman Abramovich

/ AFP via Getty Images

Boehly indicated his takeover would see Chelsea become a pioneer in fan engagement.

Pagliuca’s intentions are still unclear, with the Boston Celtics and Atalanta co-owner a surprise addition to the shortlist.

Once a bidder has been presented to the Treasury, they will then need to pass the Premier League Owners and Directors test, which has been processed in as little as 10 days in the past.


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